Skip to main content

Morning Bell 19 October

Jessica Amir
October 19, 2021

The Aussie share market is set to open higher, with the futures suggesting a fall of 0.3%.

What to watch today:

  • Stocks exposed to China will be a focus today, as Chinese industrial production and economic growth both slowed more than expected. Australian companies such as commodity giants BHP (ASX:BHP), Rio Tinto (ASX:RIO) and Fortescue Metals (ASX:FMG), who export to China, would have noticed less commodity sales.
  • In company news, BHP (ASX:BHP), Northern Star Resources (ASX:NST) and Stockland (ASX:SGP) are set to report quarterly numbers.
  • BHP (ASX:BHP) announced the proposed merger of its Petroleum business with Woodside Petroleum (ASX:WPL) will likely go ahead in November 2021, creating a global top 10 energy company. Most analysts have BHP as a HOLD, except Macquarie who have BHP as a BUY with a 12-month price target of $56.
  • Oil holds its new 7-year high at US$82.29, and the price of platinum has risen 2%. Watch Zimplans (ASX:ZMI), Challice Mining (ASX:CHN) and Podium Minerals (ASX:POD). Palladium is up almost 3%, so you could also watch CHN, Liontown Resources (ASX:LTR) and Impact Minerals (ASX:IPT).

Trading Ideas:

  • Bell Potter reiterated Temple and Webster (ASX:TPW) as a HOLD with a 12-month price target of $12.75.
  • Bullish charting signals have been identified in Mayne Pharma (ASX:MYX), Centaurus (ASX:CTM) and Emyria (ASX:EMD) according to Trading Central.

The Spectrum Strategic Income Fund

Bell Direct
November 6, 2018

The Schroder Fixed Income Fund

Bell Direct
November 6, 2018

The Schroder Absolute Return Income Fund

Bell Direct
November 6, 2018

Market Update

Julia Lee
September 21, 2018

Equity Investor 17 September

Julia Lee
September 18, 2018

Equity Investor 10 September

Julia Lee
September 11, 2018

Equity Investor 3 September

Julia Lee
September 4, 2018

Market Update

Julia Lee
August 31, 2018

Equity Investor 27 August

Julia Lee
August 28, 2018

Market Update

Julia Lee
August 27, 2018

Market Update

Julia Lee
August 24, 2018